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energy, the same co2 emission. the end of our planet is possible. but there is an enormous chance for us. what they need our products with lower energy consumption. what they need our energy efficient products. who could better develop this than the united states and the europeans, in cooperation together. to combine innovation on climate change with industry and production. that is possible, but only if we are live. therefore i am in favor of a trade agreement. asked what other obstacles there are. a lot of europeans doubting, but i saw better ground here in the united states, in ohio, and i saw for the first time in a swing state, the co2 question played a major role in the election concerning the coal mining question. to avoid any other misunderstanding, i know what it means to close a coal mine for 35,000 inhabitants, most of them employed in the coal mine. when you close down the coal mine, it was an economic disaster. but today, the coal mine is closed down and you have an economically flourishing city. so it is possible to step away from a traditional industrial structure, with pu
explain. first, there is an energy boom under way in the united states right now. fueled by the joint forces of hydraulic fracturing or fracking of natural gas out of shale and buy mo by more drilling for oil. natural gas is increasingly cheap and abundant and not only used for gas in homes and businesses but for the manufacturing generation. it's not just about cars and homes, more domestically pro du duced energy will provide fuel in manufacturing goods. combine them with rising costs in china and other countries and already high shipping costs, and you make made in america products more attractive to people abroad, and that's good. home sales rising for the first time in years. construction is start to go pick up. and historically low interest rates now averaging below 30% for a 30-year fixed mortgage will only fuel a rebound next year. and remember, a house will still be the most important asset for most americans, so a rebound there helps americans feel better about their financial situation and ready to spend a bit of money. stephen moore is a senior economics writer at the wall
, immigration and drugs. up next, we will turn our attention to the future of energy policy with jack gerard. and then we will become an station program, set to expire in january 2, christine owens will join us to talk about that. first, let me show you the front page of the "washington times." with the two leaders of each party in the senate. mitch mcconnell and harry reid. yesterday, at the two had a little dispute on the floor. they threatened filibuster change and he can to the floor to talk about that. the washington times says they had a rare head-to-head debate on the senate floor. take a look. [video clip] >> we believe that there should be one aspect of it changed and that most of the procedure be a -- simple as that. the american people agree. >> only ones who disagree think this is working well as the republican leader and the republicans in congress. >> up the majority leader will stay on the floor. you did not address that issue. >> but of course -- that statement is untrue and i do not accept that. >> that is the point. what the majority leader is saying is that he will break t
points. now down 63. energy names like exxonmobile and chevron weighing on blue chips has oil pares back. hmo's like united health also a drag on the dow as you see. nine names that are just green, that's it. markets had been torn between solid manufacturing we got here in the u.s. this morning, october durable goods orders, big gigantic items that are supposed to last more than three to five years, washing machines, that number came in ahead of expectations in october rising to five month high. if you include things like cars and trucks and then take out airplanes, out of the equation, that's what happened. we did get some relief for greece. finance ministers say yes to the next installment of loans essentially kicking the can down the road one more time, but for the moment the markets like it. a washington, a fly in the ointment, deal negotiations have stalled. senate majority leader reid says little progress is being made so the fiscal cliff remains a distinct possibility come january 1st, keeping some buyers on the side lines as well. that's what you see here. coming up, governors ca
wal-mart or target, they want to spend a lot of time and energy putting forward what they're going to do. look at electronics, and there's nothing new other than items in the electronics market. and those that spend a lot of time advertising and extended hours earlier again, are the winners. tracy: is that why apple is putting stuff on sale? >> i can speak for management but if i was a retailer and i didn't participate in this unless you are in the luxury end of the market you may miss out. and their product being sold in other locations being taken advantage of. tracy: there is no hot anything this year rather than electronics. >> cellphones and other interesting items, and -- tracy: my kid asked for sneakers. >> and moccasins and boots and fragrances hot item this year and fashion accessories. it is the same things. and discounted to get some good deal. tracy: and the tv purchases. >> we approve this every year over and over. good deals are had during the black friday weekend by the black holiday season, best deals are after a holiday and sometimes after a super bowl. that is whe
with tech and materials and energy or industrials and energy leading the way. but again i'm not sure it has the conviction. that being said, you go back to the risk. what happens with greece, what happens with spain and what happens here in the u.s. with the fiscal cliff. there are still a lot of concerns out there despite positive news like the improvement in german business confidence and the signs we see strengthen china as well. >> mr. skeptic, what would make you bullish in this market right now? >> bill, it's fascinating. today we talk about employment trying to turn around and we see people walking out of their jobs at walmart on the biggest day of the year. i want to see a change in total attitude in this country, not just some housing numbers, not just a blip up in employment. we've got a structural problem with our mentality. that's what it would take me to get majorly bullish on the market. >> what specifically are you talking about here? i get the employment thing but what would make this -- what structural change you talking about? i don't get what you're saying here. >> well,
of over 300 million people, the american society of civil energies put the quality of you are infrastructure as a d, when we're ranked 24th in overall quality in the world when in 2001 we were number two, we're going to spend less than $53 billion. that's not only weak, it's pathetically weak. mr. garamendi: mr. higgins, thank you so very, very much for bringing this issue in stark terms to our attention. you caught me my attention earlier when we were talking about this, but here on the floor, this is a $1,200 billion program that could create 27 million jobs in the next five years? and those are economic analysis that's been done by the new america foundation? mr. higgins: it has. mr. garamendi: and how do we pay for this again? mr. higgins you spay for it as you pay for transportation improvements at the local, state and federal level. you issue debt to finance the life of the project. mr. gare men tee: the same way we build and own our homes, we borrow money to build that personal infrastructure, our home. mr. -- mr. higgins: that's right. mr. garamendi: the borrowing
over the fiscal cliff will hit investors. we ask the c.e.o. of utility next era energy lew hay about higher taxes on dividends and stock gains. >> susie: that and more tonight on "n.b.r."! black friday comes early this year. all across the country americans are already lining up outside stores, camping out for the earlier-than-ever start to the holiday shopping season. scenes like this are popping up in shopping mall parking lots. these tents are pitched outside a best buy in tampa, florida, where shoppers are hoping to get the early-bird holiday specials. with big retail chains opening their doors for black friday, on thursday night, there are complaints about companies putting commerce ahead of family time. walmart has been threatened with protests by its employees. the company filed a complaint with the national labor relations board hoping to stop the demonstrations, but the board won't rule on it before tomorrow. diane eastabrook looks at the personal price of thanksgiving day store hours. >> reporter: this is the calm before the storm at a chicago toys r us. manager danny soro
in energies and metals. let's go to sharon at the nymex. >> brent crude is the benchmark in light of what we're seeing in the israel gaish gaza conflict. once again, the contract showing the most momentum in the oil market. up $1 here on the bus explosion in tel aviv. yesterday was all about potentially a creaease-fire in israel/g israel/gaza conflict. now we're focused on more violence and whether that will escalate and spread regionally and impact oil flows in the region. we're looking at what's happening in europe. and the fact there's been no agreement there on the greek bailout deal is something that could potentially put pressure on prices and it's a reason why we're still not at the highs we saw on monday in terms of the oil price. we're continuing to watch the supply picture as well. we'll get the information from the energy department at 10:30. the american petroleum industry report showed declines across the board. that was bullish for prices as well. in terms of natural gas that report comes out at noontime today, a day earlier because of the thanksgiving holiday. we are looking a
as much energy as he constantly has. (laughs) i think he draws energy from being out like talking to you. he's amazing about that. i worry about my getting tired while he's just out there just running around all the time. what am i curious about? well, i wonder what he thinks in his innermost thoughts sometimes about some of his maybe not perfect investments. but i'm not curious about a lot because i know an awful lot. >> she knows every chapter of the book. (laughter) she knows it all. (laughter) >> rose: i know a lot of it. >> i know you do. >> rose: doing the book, as a matter of fact, refreshed everything that i knew. >> rose: there was this item, too. berkshire hathaway has overcome general electric. it's now the sixth largest company in terms of market value >> i haven't looked -- that doesn't surprise me in this area. >> rose: does that mean anything to you? >> well, it means -- >> rose: i bet it does! i bet it does! >> what means something is having it outperform the general market over time. i mean that -- my job is to do better for my investors than they would do if they were d
at are some of their tertiary and secondary products. look at stuff like the energy drinks. monster beverage company: both coke and pepsi have a lot of multiple brands. take a look at how brand strength is doing. i think there is going to be an influx of folks looking for more healthy drinks. > > vitamin water was a big acquisition. > > vitamin water, big one, yes. > > vitamin water. round three: home for the holidays. home ownership is said to be at a decade-low. is that a good sign or a bad sign? > > you have a lot of pent-up demand. and don't forget, rent rates are at some of the highest levels they have been at in something like five or six years. and in fact, just over the past two or three years, rent rates have gone up about 20 to 25% in major cities. i think folks with low interest rates, once they start to see those stick up with some of the presidential policies in place, we could see a drive for home ownership. > > that's true, because we have seen rates dive below 3% as far as the yield on the 30-year, so that is a falsity right there. but i just want to point out that home price
latest news in energy. mary thompson is at the nimax. energy all over the map. >> that's right. this morning we have the energy complex that's mixed. we did see initial support to crude oil from that greek deal but that quickly dissipated. dollar strength keeping pressure on crude today. traders of course keeping watch on tensions in the mid easts s but because that provides pressure to crude oil. those are some of the factors at play today. look at the rest of the energy complex, december contracts for gasoline, heating oil, as well as nat gas expire today. natural gas continuing the decline from yesterday after it came under pressure because of a warm forecast for the month of december. checking gold prices. they are pulling back today. expect volatility later as well because of december contract expires. david, back to you. >> all right. thanks very much, mary thompson. i wanted to look at two of the companies involved in the largest deal of the day. that is the $6.8 billion acquisition announced this morning by conagra who has been trying to buy ralcorp for the last couple
of the cease-fire. plunging energy prices, they rallied back finishing near the highs of the session. heating oil up at present, crude up. natural gas the biggest winner as the government reported bigger than expected drawdown in supplies. the weather pattern driving prices higher. one of the biggest losers, industrial metals. copper prices leading the way down. goldman sachs saying the prospect for industrial metals was very dim heading into the end of the year leading to a selloff, also lack of austerity measures leading to a selloff in the economically sensitive commodities like copper today. the big movers a day before the holiday. cheryl: thank you very much for appreciated. train, plane or automobile. full force on the busies holidays. and 3 million people if they did make the trip in the air. in chicago, we have had quite a day, jeff. >> the headline for me is many delays and cancellations has actually been not so crazy. you can see the sun is shining in chicago, that was not the case earlier today. heavy, dense fog. if we come inside, we can look at the board, departures alone, 87 can
. more energy. >> as the workload increases, so does the stress. >> do you ever dream about work? >> i have dreamt about work, yes. i've dremp about picking items. >> sometimes items are simply too far apart to walk. >> this is the biggest fulfillment center. it's the equivalent of 28 football fields. which explains why some employees need tricycles to get around. >> with this year's holiday season expected to be their biggest one yet, amazon has brought in 50,000 additional workers. >> have fun, work hard. >> and online race that depends on the human touch to fulfill those holiday wishes. diana al via air, nbc news, phoenix. >> and we'll have plenty more coverage later on the show. >>> meanwhile americans were out shopping early and on which this weekend. the national retail federation says an estimated 139.4 million consumers hit the stores or shopped online between thursday and sunday. they spent an average $423 for a total of 59.1 billion, up nearly 13% from 2011. com score says online sales stopped $1 billion for the first time on black friday. >>> president obama even got in on t
strength and weakness. lower sectors today, teleco and energy dragging us down. take a look at s&p 500 top five laggers, impossible to ignore some retail names on that list. we saw some strong sales out of black friday but caution in the marketplace as analysts are saying, you need to see that strong sales trend continue throughout the rest of the season. not just on one or two days. it was nordstrom and macy's we were watching. coach was on the list for a better part of the day. cabot oil and gas selling off with the broader energy complex. meantime on the flipside we did have our s&p 500 top gainers. of course a lot of those names included names traded here at the nasdaq. ebay was one of the big gainers, gaining on hopes today that it will catch up with amazon on cyber monday. of course, those numbers will be tallied up within the coming days. best buy was also seeing strength on that as well. last but not least, first solar knocked apple out of one of those spots there, out of the last spot. of course, apple was a stock that was contributing to the positive momentum on the nasdaq today.
easing in japan. all bullish for gold. taking a quick look at what happened in the energy complex. a mixed day there. crude pulling back despite some very good economic news. the dollar strength at play there as well. all of this as the december options expired. ahead of tomorrow's inventory report, which is expected to show a build in crude inventory. natural gas rebounding from yesterday's decline, which was spurred by the forecast for a warm december. back to you. >> all right, mary. thank you very much. >> all right. we've got 52 minutes before the closing bell. the dow jones industrial average off of its lows, down 55 points. the nasdaq is lower by -- fractionally lower. >> and don't look now, but just as housing is showing signs of life, congress may be taking away the mortgage interest deduction. we're going to look at that coming up here. >>> plus, congressional cliff divers we call them. we're going to hear from a democratic lawmaker who says let's just do it. let's go off the fiscal cliff. better to do that than make unnecessary cuts. so what is he willing to cut? that's
, and if new york and energy want to do that, great. >> i like "reason" magazine a lot. >> me too. they seem very reasonable. >>> call them fiscal cliff spikes and dives, will the market swings continue tomorrow morning? we've got three top money pros to weigh in next. >>> and we're keeping an eye on the closed-door meeting at the white house between president obama and ceos to tackle the fiscal cliff. there's a look at the white house right there live as you're watching cnbc first in business worldwide. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to g
today as investors take a little bit more of a defensive approach to trading today. energy is the weakest sector in particular. we're seeing weakness in a lot of the natural gas stocks. there's some forecast for warmer weather in the month of december and that is hitting that group today. again energy the leading sector to the downside. >>> mary mentioned the nasdaq and technologies. let's go to the nasdaq where jackie deangelis is following the big movers over there. >> as mary said, the nasdaq just popping in positive territory but ever so slightly. still performing better than the dow and the s&p today. amazon.com posting some gains today after it was the most visited retail site on black friday. online sales for black friday estimated to have surpassed a billion dollars for the first time ever. mobile devices driving 15% to those sales and the ipad driving nearly 90% of tablet traffic. apple seeing a gain of better than 2% today. meantime as cyber monday is well under way, ebay is on the move and best performer on the nasdaq 100. closing to close its gap with amazon as
. liz: we never will with you around, larry, your energy's great. shares of green mountain coffee roaster soaring, at least they were a minute ago. nicole, they still holding on to the gains there? >> reporter: yeah, soaring is a great word, clearly beating the street. closed at 28.9 a 5, trading around $36. david: whoa, look at that. >> reporter: let's talk about green mountain. we talked about how it was heavily shorted, the single-cup coffee sales, but the fourth quarter profit was on the rise 22% and revenue as well. so earnings per share came in at 64 cents, that clearly beat the 48 credibility estimate, and revenue, as we know, 946.7 million beat the 902.7 million. so clearly beating across all lines here. and the last thing i should note always helps when you raise your full-year profit, so raising the fiscal full year 2013 profit, too, so that outlook also gives it a nice boost in the after hours. david: how much money did david einhorn lose today? he's a guy that not only bet against it, but tried to encourage as many people as he could to bet against it back in october.
ahead you are up. i want to give you a big florida state booyah. i want to know about duke energy. >> i think that 5% yield is terrific. let's go to shalandera in ohio. >> i was trying to find out if western union was a buy or sell? >> no, i will tell you why. that was one of the most disturbing conference calls. i had no idea. you can't touch that thing. let's go to art. >> my stock is qihu. reported a terrific quarter again yesterday and i wonder what you thought. >> there are a lot of chinese companies that are doing better. buy the fxi. that is what my trust has been buying. we believe that china has been making a major turn. let's go to jeanette in florida. >> i would like to know what you think of amcc. >> way too at the mercy of the big buyers of its technology. that thing blows in the wind of whether the big guys need equipment or not. let's go to michael in virginia. >> cim, what are your thoughts? >> i regard it as unfathomable. don't buy. let's go to sal in florida. >> thank you. i have stock that goes up and down. csco. >> listen sunshine, that cisco quarter was terrific. i
who have lost so much are not forgotten on this holiday. >> that is fantastic. i love his energy and his spirit here. thank him for us and we're thinking about everyone here and everyone still reeling from that who re horrendous storm. >>> ahead on "starting point," could there be a lasting deal between israel and gaza? we will speak with mark brugev. you're watching "starting point." [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. buy now. save later. i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male anno
. the selling pressure showed up in the telecommunication sector, falling 1%. the energy and consumer staples sectors also fell. with so much focus on consumers and spending over the weekend, grocery stocks led the consumer sector lower today. super markets safeway and whole foods were down 3.2% and 3.1% respectively. kraft foods fell 2.1%. kraft trades below the price it was at when it split off its snack foods operations. it was a mixed day for retail stocks despite generally positive returns for the big national chains over the weekend. macy's fell 4.5%. the stock hit a six month high last week in anticipation of the holiday season. nordstrom dropped 4.1%. volume more than doubled. both nordstrom and macy's were among the worst s&p 500 stocks today. after falling to more than a decade low last week, best buy bounced 6.7%. volume was heavy as traders pointed to short covering, when those betting the stock would fall have to buy to cover their positions. apple helped pull up the major indices in which it is included. the stock continues rebounding from its autumn sell-off. shares regained 3.
million; just under 1.8 billion shares traded on the nasdaq. the energy sector fell 1%. the financial sector lost nine tenths of a percent, and telecommunications continues moving down, falling another seven tenths of a percent today. the big corporate news was in the food business. as suzanne reported earlier, conagra finally has a deal to buy ralcorp, and both stocks jumped to new highs. the target, ralcorp, shot up 26.4%, closing just below the buyout offer at $90. in a sign of enthusiasm for the deal, the buyer, conagra, saw its shares jump 4.7% to its highest price in more than a decade. all the holiday spending on televisions and mobile devices looks to be helping corning. it makes glass used in screens for electronics. the company raised its fourth quarter forecast. corning expects its specialty glass business to make up for declines in other products. shares rose 6.9%, volume tripled. green mountain coffee is best known for the k-cup single serve coffee. the company has seen big new competitors like starbucks get into the market, but green mountain continues selling plenty of
look at the emphasis of natural gas and the quantity we have of natural gas, absolutely the energy of the future. as we discover more crude oil, we're better at that. and bring on natural gas and hopefully the likes of boone pickens and others can get natural gas into the 18 wheeler fleet in the united states putting huge pressure on crude oil and good for the economy, good for the united states. i would love to see it. lauren: lets sta let's stay awal for a second. you're bullish on gold right now, why is that? >> you will have four more years of ben bernanke policies of money printing. that will increase the money supply and that is always a good idea to buy gold when the money supply goes higher. i would definitely look to take advantage of a pullback in gold and snaps him up. david: are you surprised the price has not popped? we've not seen a huge increase. >> it is kind of city. because the equity market has sold off so much, a lot of people are liquidating their positions in gold, probably some good luck and capital gains but some to raise the margins because they've had so m
. as for commodities, of you have comex metals finishing at 12:30. nymex energy closes at 1:30 p.m. and of course it may be a shortened day for the traders, but it is the most important day of the year for retailers. everything from how many cars are parked at the malls to how many items are sold at stores. it can all tell us a lot about the state of the consumer and the u.s. economy today. so we're turning to one of the most seasoned and respected voices on wall street for help. we have dana telsey. she is our guest host for the next three hours. andrew, i'll send it over to you. >> we begin with a visit to toyland and here is toys r us. it opened its doors at 8:00 last night. and we have toys r us ceo joining us right now from the company's flagship store in times square. good morning. >> good morning. >> so i read a report you you had a big line. what's it been like all evening? >> it's been great. we did have a big line. we're at 44th and broadway.line went all the the way to 45th street and then down 45th all the way to 6th avenue. it was huge. people came in in a real celebratory mood. peop
to what we paid last year or the year before, but we have a huge energy advantage over the rest of the world now. dagen: that is good to hear. in the short run, being shortsighted between now and the end of the year, will prices continue to fall nationwide wow we are at $3.42 nationwide average right now. >> i think it all depends on what happens in the middle east. if the middle east have rockets glaring back and forth, i think we may say at these numbers. if not, i think we will trend just a little bit lower. we probably are not likely to break below that low number average of last year. the bad news, and i am telling you this deserves merit at some point, watch out for heating oil prices this winter. we have very low supplies. dagen: great to talk to you, as always. i hope you have a very happy thanksgiving. hopefully, you do not have to travel anywhere. >> i will not be out there on black friday. thank you. dagen: tom, thank you again. tom kloza. connell: i want to get to this blackberry story now. research in motion is being dumped by the federal government. they are ditchi
with still a lot of uncertainty hanging over the markets. >>> and one energy expert says consumers could get another gift in the new year. he's predicting a plunge in oil prices. we can only hope. you're watching cnbc, first in business worldwide. [ male announcer ] if you suffer from heartburn 2 or more days a week, why use temporary treatments when you can prevent the acid that's causing it with prevacid24hr. with one pill prevacid24hr works at the source to prevent the acid that causes frequent heartburn all day and all night. and with new prevacid24hr perks, you can earn rewards from dinner deals to music downloads for purchasing prevacid24hr. prevent acid all day and all night for 24 hours with prevacid24hr. prevent acid all day and all night for 24 hours well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's m
in oil as well. we are going to get an inventory report from the department of energy at 10:30. we already saw a report from the industry trade group, american petroleum institute showing builds across the board which may be a reason why we see wti prices under pressure. >> we want to redirect attention to knight capital shares up 19% this morning. let's call it 16%. at 8:20 we told you getco one of the owners of the company when knight had a huge trading glitch and lost all that value for shareholders and had to dilute itself to avoid bankruptcy, getco one of the investors. now they have made a bid for the company that's complicated. it would involve merging the two companies. and then buying or tendering for half of the company at 1.75 a share. if you're a knight shareholder, you get $1.75 in cash. you have a remaining share that involves getco and night that they value at 1.75. when we merge getco in we have a value of 3.50 a share. it's up to independent directors of knight to decide how to proceed here. as bob said as we've been saying, virtue another company controlled by the
it has happened since october 4th. retailers drove the consumer discretionary sector energy industrials lead in the wake, and the rally started just minutes before house speaker made it clear that republicans are willing to deal on revenue and ready to find a resolution now. >> we all know that we have had this spending crisis coming at us like a freight train. it must be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table, but it is time for the president and democrats to get serious about the spending problem that our country has. i am optimistic that we can continue to work together to avert this crisis sooner rather than later. lou: meanwhile, the president to a short time later claimed he is doing his part to make certain the middle class is not hit with tax increases. >> i want to reassure the american people and doing our part, sitting down with ceos, sitting down with labour leaders, talking to leaders in congress. i am ready and able and willing and excited to go ahead and did this issue resolved in a bipartisan fashion.
on trade is alive and well with energy and crude-oil futures higher by 1%. there is oil at $88.20. i wanted to show you how your markets are doing as a move to the last hour of trading. let's get to the floor show with traders standing by at the new york stock exchange and the nymex. jonathan cortines at the stock exchange, jonathan and friends. volume typically is light, half of the normal volume. how does that skew the numbers from what you are seeing? >> it is a short trading session so volume is lighter coming in today, not as many people on the train and with light volume and a lot of volatility to the market so we can see the activity we have seen so far today. it has been a 1-way market. we are 160 points. the day after thanksgiving last year it was a down day. when there is not enough volume and not enough liquidity to support the market the headlines we sought out of europe could be viewed as positive but that is the only thing investors are trying to hang onto when there's not much to look at. cheryl: we have more fiscal cliff discussions picking the next week. we really have not
telecom and energy lag behind. we were talking about natural gas prices tumbling 4% today on warmer weather. forecasters warning of a warm start, but still expected to be much colder than last year. a lot of people betting it would be $4 at this point, if not. factory activity among the manufacturers falling back into contraction this month on bigger than expected drop as the federal reserve said activity index fell three points negative 2.8. the first of five regional reports covering an area that is not affected by hurricane sandy so you can only imagine how it would be in new york. david: will be talking with scott bauer in the pit of the cme. duking it out in our street fight. let's start with scott at the cme. consumer sentiment first of all. it is very high, but are the folks who say they're optimistic in their money where their mouths are? >> so far they are. but it is really teetering on the brink of something bad happening. i don't mean to be looking into a black hole, but so many macroeconomic things on the table, holiday shopping numbers, any one of them that we can get s
that are doing well. energy, industrial, and telecom leading the way here. allen, what do you think of this market going into the week here? there doesn't seem to be a sense of urgency. we're just marking time waiting for the fiscal cliff. >> we sure are. very light day. volume very light. we're stuck at 1390 level on the s&p. the internals are good. for every two stocks that fell, three have gained. traditionally, the short day on friday, we almost have a little rally. >> you likely to continue to buy? >> yeah, we'll continue to buy. >> you're not skeptical? >> not real skeptical. especially in the short term. the president comes back next week. congress back next week. they've been talking to each other. that will help the rally. >> anthony, what are you going to buy? >> i think international stocks, i think chinese equities are very exciting in this kind of environment. i even think the u.s. economy is getting cheaper. this big reduction is making it a little more exciting. >> it can be health care versus defense stocks. you know, one way or the other depending on the fiscal clif
news at energy and metals and go to sharon epperson at the nimax. >> many commodities on friday had the best performance in a month and we see a subdued marketplace and a pullback across the board here. we're looking at oil prices that are lower. the truce is holding between israel and hamas and that's something that's perhaps putting some pressure on prices. the cease-fire holding and the fact that we are looking at some weakness here in the euro and traders continue to eye what is happening there in the eurozone over the greek debt deal. we're also watching of course the protest that erupted over a three-day period in egypt and that could lend some support to the oil price going forward. we are watching metals market which is somewhat lower here. gold prices after the significant rally on friday seem to be in this range between 17.46 and 17.55. we're looking at copper prices and there's a lot ahead for this market to watch namely what's happening in china and pmi data coming out later in the week. the big story in commodities definitely the slide that we're seeing in natural gas d
the risk-on trade. materials, tech, energy, financials, there's your classic risk-on move and for the week the dow is up 2%. s&p up maybe 2.3% for the week. my sense is that this is going to last another week and a half to two weeks. you have a grace period where they'll let them negotiate. if we get into the week of december 10th, everyone feels we better get some outlines of what will happen. if there's not the obvious -- we're not going to have a deal, it is going to move down very fast. i think we have a period of a week and a half here. >> we'll be watching. thank you. >>> the announcement of the cease-fire. did that lead to selling in treasuries? rick santelli is tracking the selling at the s&p. >> definite talk on the floor has been almost universally about the cease-fire and a lot of thought as to why the market and treasuries didn't really respond much. you could look for yourself. intraday. we did get some movement but it was much earlier. if you look at the s&ps, you can see that it is a different form entirely and definitely more responsive to those headlines. let's put them bo
democratnot democrats sento the president to approve the pipeline. it is jobs, energy security and additional tax revenue for the united states. tracy: certainly would help. senator john barrasso, thank you for taking the time. >> thank you, tracy. tracy: coming up, and major development in the fight to stop obamacare. how the supreme court kind of gave new life to a little-known legal challenge. we will talk about that next. and let's take a look at the winners and losers heading out to break. some winners on the s&p 500. no surprise on cyber monday, ebay is up 5%. best buy as well. we will be right back. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. iron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or chaes in body hair or increased acne in women may o
the viewers are. let's check in now with latest moves on energy and go up to jackie at the nimax. >> we're watching oil prices this morning flat to slightly higher. wti is holding above $87 a barrel and traders are telling me we'll be in an affected range for the next couple of weeks absent big catalyst like the middle east. we have the cease-fire but we have to see how long it lasts. that's a trigger to the upside. trigger to the downside could be strength in the dollar and also data coming out of the u.s. we'll have to keep a close eye on that. fiscal cliff is a wild card. traders don't expect imminent news. we're keeping an eye on the metals complex. gold is seeing strength on euro strength today. generally a cautious tone here for the traders who are on the floor today. back over to you, david. >> all right. thanks very much. we want to turn our viewers attention now to a pitch battle going on for quite sometime but reaching a tipping point between the government of argentina led by its president and new york based hedge fund manager paul singer well known the man who runs elliott c
with energy majors tracking lower. the asx 200 is up nearly 2% for the week. nikkei 225 had already chalked up nearly 4% gain this week. back to you. >> all right. thanks for that. so we just over an hour and 30 minutes or so into the european trading day, you can see after five days of gains, we're just weighted to the down side not by much. around about 6:3. still trying to get the best around greece. cac 40 down a quarter. ibex down 0.the 4%. so quite a good move. spanish yields just a little bit higher now by not much. italian yields 4.8. a little bit of yoos for ten year bunds. we have been down 1.3 recently. as far as the currency market is concerned, euro-dollar set a three week high. ifo number better than expected at 101.4. dollar-yen steady 82.18. just off the 7 1/2 month highs that we hit yesterday. aussie dollar just still contained around the 104 mark. walmart's investigation into bribery allegations overseas, we'll have more on that story. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. yo
. the move comes as canada gets close to its decision on whether to approve the transaction. the energy companies say discussions with the committee are still in progress, and of course they had to file approval because they have extensive operations in the u.s. gulf of mexico. >>> "the wall street journal" reporting that virtue is emerging as the frontrunner to buy knight capital. they would possibly sell off parts of that business. finally, we can't get away from the story of twinkies. the bakers union of hostess brands wants a bankruptcy judge to appoint a chapter 11 trustee to ensure an orderly winddown. the union is saying it objects the allowing incumbent management to supervise the lick wi addition. have you finished your twinkies? >> no, we're back to saving them now. we need to talk, because i read a piece in the journal today, which gave me a new insight into -- >> the jenkins piece? fantastic piece. >> it's not the bakers. it's the teamsters. it's that distribution system which we heard about. one guy can deliver -- i think you have to deliver of wonder bread, each slice indi
for wind energy. >> can't do that. >> everybody puts their hand up this is mine. >> it's less difficult, and -- >> cap you get to keep what you want. >> it's going to affect the high end, at 50,000 it wouldn't affect -- >> steve, what do you think about the $50,000 cap proposal or another number? >> i think the cap proposal has some merit. in the real world you probably end up exempting charitable. apart from what the head of the red cross is, charities see this as potentially devastating. do you want it to apply to everybody or only with people with income above $250,000. >> if it's 50,000 or 28% cap of adjusted gross you end up exempting people with lower incomes because they don't use that much. >> there are people, there's actually two different things. the $50,000 cap there are not that many people but some people who would use it. >> how can you use more? >> state and local taxes, health care, all this stuff if you put it in there. >> there are some arguments that health care shouldn't be exempted anyway. >> i understand but there's also a view at least amongst some of us that the
, number three is energy costs, number four is uncertainty about government policy. number five is the cost of useless regulations and red tape. six, seven, and eight are frequent changes in the tax code. tax code complexity, and taxes take away the money, my earnings that i use to grow my business. they're the issues that we're concerned about. >> bill, you said taxes are six, seven, and eight, so they're not in the one, two, or three category. which i might imagine given that's a huge issue going into 2013. >> well, it certainly is. and when we took the survey earlier this year, of course, maybe the fiscal cliff issue wasn't quite as big a point. right now -- yeah, this is a survey, the big one was 75 items, we only do once every five years and, of course, health care costs which is you could look at as a tax, if you will, is at the top of the list for the last 25 years, you have to go back to the early '80s to get interest costs up there. remember the 21% prime and the difficulty in getting credit back in those days. >> when's your next comprehensive survey, bill. >> well, the november s
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